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♪ ♪ stuart: where will it go today? we are talking apple. a selloff that ranks right up there with the.com bust. when the stock opened today, will the first number pa three? in six months, the price has been cut in half and millions own a piece of it. you will see the opening quotes. a fire breaks out at a fertilizer plant in texas. firefighters rushed to the scene. the plant explodes. first responders are among the many dead. the town of west is devastated. what a week. body and company is about to begin. w boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket sence. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. comman
-box. computer hardware and apple that is a name that everybody is familiar with with below and hit another low trading as low as 393. i have to be crossing it out because i have to look at it going lower and lower. trying to buy on the way up is what charles is trying to do rather on the way down. dagen: a week of news and we're not just talking about the market's. president obama in boston this hour attending the interfaith service for the victims of the attack. this is the investigation and those behind the bombing continues and the devastating news does not and there an explosion at a fertilizer plant wreaking havoc on the town of west texas. many are still missing and several said. connell: also the market's with nicole but first let's go to rich edson as the president is in boston. what about the bombings? >> what we look not right now from our security team that the fbi is considering whether to release video and pictures of what they believe could possibly believe one or two suspects. there is video of at least one of the devices being placed that is an internal process as to whether or
on the data. lori: will you look at technology stocks, apple in pretty good and go earnings are not robust at all comment and staying clear of those and perhaps sticking with the offensive things that continue to lead at least as leaders into the rally? >> i wouldn't exclude technology here for a few reasons. number one, when you look at the performance of tech versus the s&p or the value segment of the standard and poor's, we have a pretty good underperformance so we had some significant lagging and some notable names have been dragging down the index but ultimately if you look at the balance sheets that are relatively clean, relatively consistent cash flow from many of these, many of them are beginning to take dividendss or maturing and you can buy many attractive valuations. i wouldn't run away from technology. i would sharpen my pencil and decide which one you want to own as part of a diversified portfolio. lori: with apple shares, is that an opportunity for you? >> apple as an indication, broader indication of what is going on with technology, speak to it that way, a plastic example o
concerns. shares of apple suppliers tumbled. >>> and voting on the next italian president gets under way in rome with berlusconi and bersani apparently backing the same candidate. rifts in the upper left could jeopardize the process. >>> and we're live in moscow amid rumors of division in the kremlin. we'll speak with the former president of the czech republic in the next 15 minutes. >>> welcome to "worldwide exchange" this morning. plenty going on in the program. we also want to draw your attention first and foremost to the continuing issues across the commodity complex, one where gold has gotten the lion's share of attention. but others, whether it's industrial metales and crude are participating today. a rebound shaping up, but not the case for copper, dr. copper down better than 1%, 1.2%, in fact. and that is spurring a sell-off in the shares of a lot of the minors. new crest among those heavily to the downside in some cases. fortescue down nearly 8%. rio and bhp have recovered a little bit as we move through the trading session. and it's not just the big names, two smaller names wer
out of "flavor" with consumers. and investors slice off large chunks of apple, leaving the stock trading barely above $400. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, april 18th. i'm angela miles. in today's first look: stocks run into tumble trouble. unable to attract a steady stream of investors following dissapointing earnings from bank of america and concerns about apple, the major indicies all fell wednesday, with the dow cooling off 138 points. gold pushed back $14 and oil dropped $1.99 on concerns about soft demand. ebay and american express fell in the after-hours session on mixed earnings results. among the highlights, ebay's forecast was lighter than expected and american express revenue fell short. and according to the beige book, the fed sees moderate growth in the economy led by sales of homes and cars. todd horwitz of averagejoeoptions.com joins us on this thursday morning for a good look at the market. good morning to you. - good morning angie. - fears are rising ou
'll look at whether another triple digit move on the dow today could play out. >>> apple dipped below $400 a share yesterday. closed above that. this morning verizon reporting strong activations for the iphone for the last quarter. will that help this stock that's been in free fall? >>> pepsi beating expectations this morning. jim has an interview with the ceo. >>> paypal under pressure this morning, facing increased competition from amazon and others. we'll break down numbers and talk exclusive to john donahoe, ebay's ceo coming up. >>> futures on the rise after yesterday's drop of 138 points in the dow which is now posted three consecutive days of triple digit moves, including the big sell-off, 266 on monday an tuesday's rebound. just two weeks ago the s&p came within two points of 1,600. leads us to sort of a broad discussion of where we are in corporate earnings. i see two-thirds have beaten on the top line. less than half beating -- actually less than half beating on revenue. two-thirds beating on earnings. >> carl, the market is so short-term oriented, we had a couple bad ones yester
of a hearing. what patients say they went through and why one man says therapy works for him. >>> apple is to its lowest level in two years. will it turn the rest of the market down with it. >>> one business's plan to offer endless drinks leads to controversy. >>> we are seeing mild temperatures outside this evening. 60s and low 70s outside. still a little breezy around the bay area. we will see less wind and more warming over the next few days as a summer preview comes to your seven day forecast. 80s for parts of the bay area. a look at that when we come right back. >>> an east bay woman is recovering after being shot in the head while sleeping in her house. police say the 24-year-old was asleep on the floor in her house. neighbors say they heard three blasts and saw shell casings on the front porch. >> based on the way the shooting occurred it does not appear that there was a random shooting into this house. it seems that the suspect was there to shoot somebody in the house. >> the woman's boyfriend says they don't live at the house but were staying there with family. the woman is in
, michelle. >> apple going from bad to worse, bill. it could close before $400 today. it would have to do pretty big intraday turnaround in the last hour, if it was going to do that. we are going -- if it were going to reverse that. we'll keep an eye on that and have reports throughout this hour just on exactly where apple closes. >> but in the meantime, what a volatile week we have had. let's just remind everybody of what has happened, just this week. 265-point decline on monday, with all the events that were occurring in boston that day. a comeback day on tuesday, when the market gained 150 points. yesterday, a herky-jerky day with all kinds of back and forth news coming out of boston, do they have a suspect or not. whatever. that day, we finished down 138 points. and now today, the economic data seems to be seeping into the story as well with the jobless claims a little higher than anticipated. we're down 109 points and a decline of 2.4% for the week so far. bob pisani, how are things shaping up right now? >> a very delicate moment. two days this week, 90% of the volume to the downside
made money today". investors still shorting apple. the stock plunged again to close at $392. this is the first time apple shares have closed below 400 since december of 2011. also losing money today, just about anybody who owns stocks! a rough day on wall street. the dow took another dive falling more than 81 points. all three major indices closed in the red but one company is getting money today. that is embattled retailer jcpenney. they have been in desperate need of cash lately. rumors they might be getting it in the form after $500 million loan from wells fargo. we'll keep an eye on that because even when they say it's not it is always about money. all right, tech trinity, google, ibm and microsoft reported earnings. latest from the breaking news desk. dennis, what can you tell us. >> google and microsoft are up and ibm is down because of wall street expectations. google killed the earnings estimates. they came in at 11.58% share. wall street was expecting only 10.66 on google. revenue though a slight miss. just a touch below $14 billion in the quarter. wall street wante
. apple below $400 a share. we have what you need to know if you hold that stock. til tyler is on vacation. we will join simon hobs in just a few moments. first we go to boston. there has been a big break in the hunt for the boston marathon bombers. new video of a man seen dropping a bag at the site of the bombings. the president is in boston at this hour to mourn with the victims of monday's tragedy. we are live with the very latest developments. scott? >> hello, sue. first we'll start with the memorial service which was entitled healing our city. it ran about an hour and 15 minutes. and president obama who spoke for about 10 minutes or so in a speech that was part sermon and also intended to inspire the city. >> i'm here today on behalf of the american people with a simple message. every one of us has been touched by this attack on your beloved city. every one of us stands with you. after all it's our beloved city, too. boston may be your hometown, but we claim it, too. >> at this hour the president is still in boston meeting with volunteers and all the while that this was going on, the
-- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slash here. what have they used? i've been looking at what they've been saying. they've used machetes to cut numbers. chainsaws to cut numbers. they've used ginsu knives to cut numbers. scalpels, k bars, bowies, meat axes, guillotines, even chippers, shredders to cut numbers! and they're still not low enough. they're still not deep enough to keep anyone from still going even lower as you forecast. you would think apple's going to report a loss, for heaven's sake, especially after watching the sickening slide of apple supplier cirrus logic today after it's said there's been a lack of demand from a key customer. who could that be? a name. the other night i joked that apple's becoming the jcpenney of the tech companies. while i meant it to
today. i'm talking about apple. down about $12.53 or more than 3%. we did put it in our feature but on the lower part of the screen because it is widely held, and a lot of you watch it closely. it is down. why the drop? will, news that there is less than stellar demand. plus, reported production issues delayed shipment of the iphone five. so, just how big a deal is apple soup? well, it's down about 44%, of of its record close from november november 2012. today is almost half that. look at this. what a change we have seen there. the nasdaq, just 8 percent of the nasdaq. another closely watched name. j.c. penney, the total opposite situation. they may have reason to smile. a desperate need of cash. not a breaking story, but it could get the $500 million infusion in the form of a loan from wells fargo. that would apparently be back by the retailers' inventory and accounts receivable. let's focus on the markets as you mentioned, don't count down earnings. we have ibm on deck. right now the markets are reflecting the nonbelievers out there. doreen, what you believe that is? >> clearl
as shares of apple fell in relation to one of the suppliers on its outlook sighting in ipad shipments. we're going to being looking out for component suppliers here in japan that make a lot of parts that go into products such as tablets and smart phones of which apple makes many of those as well. we keep track of that sector as well. >> kicking off later today the g-20 over in washington, d.c. as we've been reporting a lot of focus will be on the recent weakening yen. where do we stand lead of that key meeting? >> a lot of market players will be watching the g-20 meeting and thedollar/yen. that may trade in a ltle bit of rgehead of that meeting and it's still weaker than it was this time yesterday when it was at the mid 97 yen levels. we'll keep track of that. the euro/yen 127.54 to 59. it traded up to upper 129 during wednesday. as you can see now 127.49 to 52. there were concerns that the european central bank may cut interest rates to boost growt in the euro zone. we'll keep track of currency markets. a bit of a focus there for the tech sector following those moves in apple shares and
by 60 points dragged down by shares of apple which dipped below $400 a share today before closing at $402. that after cirius logic hinted at a slowdown in production of iphones and ipads. >>> jp morgan chase with a 3.5% decline. bob fasanni has more on today's action in the markets from the floor of the new york stock exchange. >> reporter: it was another whip saw day that started ugly right off the bat. the problem is that key commodities like copper, aluminum and nickel were again dropping at essentially 52-week lows, all on concerns about slowing global growth. key commodities hit 52-week lows as well. and while commodity stocks like materials and energy suffered, there were also notable decline in industrials and in financials like bank of america which missed earnings estimates. and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a sim
to keep an eye on apple shares today. it dropped below $400 yesterday or the first time in 16 months. the decline came after a chip suppliers forecast led them to start worrying about weakening demand for the iphone and ipad. joining us is gene munster. gene, by the way, also covers google and google will be reporting after the bell tonight. gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs d
game 90 years ago. 2013 has not been kind to apple investors and will the biggest debt company ever come back? ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. but maybe the problem isn'isn't your lawn. introducing the all-wheel-drive mower from husqvarna. we engineered its unique drive system and dual transmission to handle hills& thick grass& and tough terrain& withoulosing traction or power the all-wheel-drive mower from husqvarna. challenge the impossible. visit us online to enter the challenge the impossible promotion gerri: ample stocks falling below 400 bucks for the first time since 2011. is there any hope? find that after the break. gerri: a few big earnings reports tomorrow that will probably move the market. mcdonald's angie. no major economic news expected but we will be waiting to hear what treasury secretary has to say. on the state of the global economy at a conference in washington d.c.. also to the postmaster general will present the agency's new five-year business plan if it lasts that long.
like bank of america which missed earnings estimates. and in technology stocks, tech bell whether apple hit a new 52-week low on concerns whether slowing iphone and ipad sales. the market stays a modest midday whether word being made in the boston marathon investigation and, again, moved down toward the close. >> the problem for the stock market is a simple one. the market has been in an uptrend all year. now we've had two big down days, two days for selling on heavy volume. that's a question whether there is still an uptrend in the market. trend followers are an important part of the market. if they determine there's no more upside to the market, the uptrend could become a downtrend. for "the nightly business report," the new york stock exchange. >> the federal reserve remains steady and upbeat. moderate growth in all 12 of its banking regions over the past 6 weeks with the overall economy getting a big boost from housing and strong auto sales. the central bank also said the economy performed better during march and week's jobs report and the dip in retail sales would indicate. >> but
numbers fm 's financial re >>> apple shares haven't been so low in more than a year. we get the latest numbers from kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, anne. good morning, frank. a rough day for apple yesterday as stock got bruised and a number of analysts downgraded them before its earnings report next week along with a key supplier of audio chips cirrus logic warning its report was going to be bad and apple is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unempl
aproechd proven the weekend and warming temperatures on through. >> doom and gloom for apple. what pushed the tech titan stock to its lowest level. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit spam.com. >>> no longer the king of the mountain, apple plunging today to levels we haven't seen in two years. new supply concerns dropped shares of apple stock by 5.5%, falling below $400 a share for the first time since 2011. the cupertino-based company did not comment on the stock dropch the company will release quarterly earnings next tuesday. american airlines has resumed most of its flights tuesday following yesterday's massive technology failure that forced the nation's third largest carrier to ground all domestic flights. 970 flights were cancelled, and 1,000 more were delayed. >> in health matters, could your hair give your doctors an idea about the risk for heart disease. a study out of the netherlands says yes. they looked at samples from senior citize
next apple stock takes a new plunge. >> 16 month low today. find out why, stay w >>> if you're an apple shareholder, the stock took another steep plunge today, now $300 down. so why is this happen something some believe it was way overpriced to begin with and what's happening is a natural reduction in value. others feel the tech market is changing and apple slow to change witness. >> they're good at coming up with innovation. so i won't give up on them. >> many consumers are waiting for next products including a state of the art television. >> l l.the rest of wall street took a sharp downward today. reports triggered a plunge on the dow. that is an improvement. after investing nearly $2 billion the british parent company has admitted defeat. the company put the 200 stores in california, arizona and nevada up for sale. bank of america today say it will pay $500 million we resolve revenues off by 8%, google has begun delivering glass, the visor like computer that responds to eye commands. it come was warnings the possibility of eye strain and you shouldn't go scuba diving wearing glass. >
in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a bren company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> absolutely. going back to the apple story, i think the company's meteoric stock rise from its mid-peak to $700 i think reflected disruptive in cycle both in terms of price and unit so the company came in and dominated the tablet market, came in and was creator of snificant value in t smartphone segment. and i think the company has been able to right that cycle, but now, of course, it's on the other side of that mountain, so to speak. so over $200 billion of market cap has been removed. and so the company is looking forward, our best position, as you pointed out, in this undergoing transformation of the technology value chain, our position at the nexus or the intersection of -- in a consumer or cloud, the information, the mobility and social media, so we think the three companies that should benefit longer term are google, amazon and three
about the buzz on the apple iwatch, then google came out with the ad for the google glass, and all that buzz went away. i look forward to getting my hands on one, but i don't think it's necessarily a needle mover for the stock. hidz liz okay. david: tom, you cover apple as well as you look at that stock sink below $400 a share. is it a screaming buy, or would you be worried at this point? >> well, i think investor sentiment, obviously, is as negative as it's been in a long time, but i do think it's a buy. i think people mistake on apple going to the apple store and thinking the only thing they're going to see in two years is the next generation of current devices. i think apple's playing its cards close to its chest. there's a lot of innovation going on that we don't see -- david: by the way, i am a stockholder as well, so i've got to push back. do you think that we need to change at the top? do you think tim cook is just tried, add his chance and like mr. johnson over at jcpenney, it's time for him to go? >> no. actually, i think he's dope a very good job -- he's done a very good
pepsi and verizon. some of the other big companies. one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for spending. the budget proposal also includes two more police academies. however, the city will still need to eliminate 80 positions. the deadline for a new budget is june 30th. the public will be able to weigh in before that deadline. >> time now 7:45. firefighters are investigating an overnight fire that gutted a house in san leandro. started on deal avenue and dowling boulevard. no one was living there. neighbors made sure people living nearby got away safely. >> everybody called from one house to the next. and couple people knocked on everybody's doors. we a
of america mist on earnings and revenue and pay the price. apple suppliers say they see a slowdown of apple's sales. the two stocks led the decline in the market. 4 billion shares traded. the dow is down 138 points, an uptick in volume. the s&p down almost 23 points. the nasdaq fell 16. bank of america stock down almost 5%. j.p. morgan followed with a three and a half% decline. apple stock moving lower. recovering just slightly. down five and a half% today. managing the pop-up to 403 at the close. losing its title of the world's most valuable company, exxon mobi. commodities a week. the price of gold is down $4.70 per ounce. worries about global economic weakness. down $2 per barrel, just below $87. and in the bond market, investors buying bonds sending the yield down to 170%. well, a guest tonight says economic news is bring investors back to reality. he sees this as a short-term pullback. joining us now, chief investment strategist. it could to have you here. this is a little pause. not of fullblown correction. we are ready for the leg up. >> we are handicapping it as such. we are looking
are shut down. >> thank you. cupertino based apple is losing its shine. the bloomberg business report is coming up. >> if diamonds are a girl's best friend this one is a bfs. >> she is america's favorite redhead, and we will have amazing reunion s so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. and less saturated fat? it's eb. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >> we continue to follow breaking news in san francisco, live pictures of the market-street area around 3rd and 4th with streets shut down because of a suspicious package. they have given the area an all clear and they are slowly starting to on the streets if that area. the thing is, that is where the earthquake commemoration for th
is "who made money today". anyone shorting apple. the stock crashed today falling below 400 bucks for the first time in more than two years. that means for the apple has lost it's title as the world's most valuable company. that title goes back to exxonmobil. so who is not making money? pretty much everyone else. it was a terrible day on wall street. the dow fell 138 points. all three major intoday he is sees closedin the red. one of the biggest looser of the day was former vice president rand self-proclaimed internet inventor al gore. gore sits on apple board of directors. he owns nearly 62,000 shares. he lost $1. million at least on paper. sorry about that, al. even when they say it's not it is always about money melissa: ebay and american express releasing their earnings. let's go right to dennis kneale at the breaking news desk and, dennis, what is the latest? >> ebayosting robust results but wall street is not happy. shares are down 2 1/2% after-hours. here's why. earnings per share, wall street wanted 63 cents. came in at 62 cents. never mind that is up from 44 cents a year
with house of cards. >>> gal the lalaxys #4r is the 4 is the apple iphone's competitor. >>> the weight is final over for san francisco's exploratorium. the $300 million museum. opened its doors today. >> just like the old exploratorium, a ringing of the bell signifies the opening for the new one. >> the world famous exploratorium is back and better than before. >> i feel like the kid in a family who's just moved into san francisco and about to be shown his or her bedroom. >> you get really excited. >> officials along with city and state leaders attended the much anticipated grand reopening ceremony. >> they along with parents see the museum as a fun place to be, but a stepping stone to advance students in science. >> you don't want to be the best of the best; you want to be the only one that does what you do. >> and i think of that quote in the context of today. >> the building itself has six thousand solar panels to generate power. amazing views of the bay has more than 600 exhibits, both inside and out. >> and on top of the older exhibits, there's this very cool mirror where i'll giv
a surprisingly weak march. apple hit its lowest point, falling to less than $400 yesterday. it bounced back slightly, closed at $430 per share. apple's stock is down 42% from $505 a share. one money management group says it could fall into the 300s. >> did you ever think you would say that in. >> i wish i bought it. >>> investigation into the boston marathon pointing, why cell video is more helpful that surveillance video, stay tuned. richard. >>> major will lead the -- mayor jean quan will lead the area despite the owner's team to move the team to san francisco. >>> well, last night's highlight in the win over portland, stefan curry broke the season shot record and made 273 points and will meet with denver colorado sunday afternoon. >>> candle stick park drew dozens of fans in the wake of the bombing. no major problems were reported. the game ended by the way in a scoreless tie. >>> a big part of the investigation into the bombing is analyzing surveillance and cell phone video. we spoke to video forensics experts to see what they were looking for and even if the images were not clear, high
of a yo-yo market. >> is there any hope for apple? >> do they need a new product? >> they may just need to bear a little more honest and more disclosure. google is talking about their phone and something needs to happen with apple and they need to talk about a new product. they usually start issuing new products for back-to-school perry ed it took them 17 months. i think the evaluation is important. one-third of their market is in cash. they have a bit capp and there the second biggest of the nation behind exxon mobile. they're just a cash flow mushing but they do not have products that we know obama but we know ey're coming out. >> we had morgan stanley, and pepsi with good earnings. >> a again, corporate america is still and press the but the second quarter may be the weakest of the year. we are waiting to the back half of the year, back to school. what we are seeing right now isetter. >> would check back with rod and black later with our winners and losers. >we would check back with a rob black later on with our winners and losers. >> we're in the upper part is for coastline. future
. as for your bloomberg silicon valley index it was lower on the weakness and shares of apple and ebay as mentioned. twitter introducing a music app letting music play songs that is currently available for apple users to down load. other companies trying to keep users on their sites for longer stretches, the name of the game. carolyn, larry >> thank you. >> maybe spring here but a massive rain storm is leaving behind a huge mess in parts of the mid west and plains. >> watch the car on the righthand side of the screen. this took place in chicago south deering neighborhood. one person was sent to the hospital. y he road buckled and car just caved in with pavement. other two cars were parked at the time >> thousands bng evacuated as heavy flooding prompted illinois governor to emergency.state of t seven inches of rain has fallen in 24 hours in one suburb of chicago workers used life rafts to rescue school children from a stranded bus. 600 flights have been delayed. >> nothing but sunshine heading into the weekend. >> we're looking at 90s showing up into the bay area by monday. we're g
because i wanted to talk to you about technology in particular, and the fall in apple and the fact that everybody is saying that the technology market per se is really going to struggle without the leadership of a. do you think that that's correct, or has the market factored in the fact that maybe apple is just turning a bit you? know, longer term it may be fine, but it's time had come for a retrenchment. >> well, i think the markets have taken that into account somewhat, but i will plug my show "futures now." >> absolutely. >> talking about that subject today and one of the traders and strategists today saying they thought the technology markets, the nasdaq, could continue to go lower. you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he
and a half. still ahead what's up with apple's slide? >> sad to see it go. >> tough times for "fresh & easy." why the grocery chain could close all its bay area stores. ,, ,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. dollars today for the firste in a year and a half. shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to closing down. kpix 5's da lin on how the chain may have made a marketing mistake. [ beep beep ] >> reporter: it ha
jobless claims could determine whether they slap back against the losses. the one-time darling apple shedding near 6%, briefly breaking $400 a share for the first time in more than two years. that came on the heels of reports of dwindling demand for the ipad mini. >>> and google reports earnings topd and what could be a first for that company. it's trying to bargain opening a pair of $1,500 google glasses from selling or loaning them out. the company's terms of service specifically states, quote, you may resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. end quote. >>> investigators in the boston marathon bombings have been pulling together an astounding amount of forensic evidence. and now have images of a potential bombing suspect, next. >>> now to the continuing investigation into who is behind the deadly bombings at the boston marathon. the headline on the front page of this morning's "boston globe" reporting "authorities now have an image of suspect." joining us now to discuss these latest is quint van sant. they'r
were postmarked from memphis tennessee on apple aid. the white house says, staffers of a careful drill and haggling letters and no one was injured. >> the u.s. senate is blocked a proposal to expand background checks on gun sales. the plan failed to get the 60 votes needed to pass. sparking anger from president obama and is appointed from the parents of children were massacred last winter in new town, conn. the people with unspeakable green summoned the courage to petition their elected leaders. not just to honor the memory of their children but to protect the lives of all of our children. >> 90 percent of democrats in the senate voted for that idea. but it is not going to happen. >> congresswoman gabrielle gifford, was severely injured in violent--gun violence also stood by the president cited quotas been furious the measure did not pass and accused the opposing senators of cowardice. the final vote tally was 54 to 46 the proposal was part of a compromise struck by democratic and republican senator. it was a backed by the president, but faced fierce opposition from the national rifle
if they snap back or deepen in across-the-board losses. apple shed nearly 6%. the slide came on the heels of reports of dwindling demand for the ipad mini. >>> and google is barring anyone chosen for a pair of its $1,500 google glasses from selling or loning out the eye wear. the terms of service states, quote, you may not resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. >>> this is probably a good time to announce i'll be getting a pair. but they won't leave my hands. >>> comiing up, mike allen join me for the latest of what's next for the president's gun control legislation after yesterday's crippling blow in the senate. you're watching "first look." ♪ (announcer) wake them up with breakfast-favorite flavors like salmon, egg, cheese, and whole grain oats. friskies. now serving breakfast. >>> turning back, now, to our top political story. wednesday, the senate voted against several gun control measures. joining me now for more on this, is mike allen, chief white house correspondent for politico. thanks for being here. i
-narcotics agency has shut down five illegal meth apple get pine production centers. the authorities say that's proof that nigeria's now part of a worldwide production network. >> in new year's capital, security open firbleds come through a crystal meth amphetamine factory. they found chemicals. they also are there for the workers who included three nationals. they show the synergy. there's factory, it's a fifth such illegal methamphetamine laboratory to be discovered in the past year, signaling a disturbing new chapter in the ucrative drug trade. the method of concealment for the drug dealers are as diverse as the narcotics they traffic, from hiding them within containers and factory equipment to shipping them in motor vehicles. officials say the drug traffickers are becoming more inventive by the day. this was important. if you look at it, you open it from the insight, but we have to break it open like this, hat just to recover, you know, it looks like ice cream. >> of the airport in legos, bags of cocaine, heroin, and meth amphetamine are marked evidence and carefully stored away. these ar
hashtag music through apple's app store. the company says a version will be available for the droid devices. >> still ahead, where you can catch a colorful mix of science and art come to light. >> all free, >> at 3:00 on katie, amazing reunions. on abc7 news at 4, a michigan principal was near the end of the boston marathon when the events exploded and the special event the school is planning. at 5:00, feel the effects of the government budget cuts? what is on tap for the unemployed in california, tonight at 5:00. >> we have been telling you of the opening of the new exploritorium on san francisco's waterfront. look at this spectacular laser light art show. that is so cool. crowds gathered outside the new exploritorium to watch the colors change. >> you like the time-lapse? >> it was projected from the roof of our building here at abc7 news and there was another free light show tonight at 8:30. >> you can get there early and check out the new exhibits and you do want to take public transportation. >> we are the special tv partner [dramatic music] ♪ [cheers and applause] >> hey, gu
apple is under 400 dollars, a lot of investors wondering how far it will fall. >>> oakland is proposing a budget for the next two fiscal years that calls for heavy spending on public safety, economic development and jobs. the proposal includes two more police academies but the city will need to eliminate 80 other positions. the deadline is june 30th. the public will be able to weigh in before that deadline. >>> the senate judiciary committee is set to hold hearings tomorrow and monday on a new immigration reform proposal formally filed yesterday sponsored by a group of senators known as the gang of 8. >> this who we are, the descendents of the homeless and the tired the poor the huddled masses yearning to breath free. >> the bill aims to secure the borders while crating an option for undocumented immigrants to become citizens, within the next month a bicycle barometer will be installed on san francisco's market street encouraging more people to ride their bikes and will go in on the southside between 9th and 10th and 7 and 1/2 feet tall and show the number of bicycles that will pass by.
jane, angel dust. the big apple. which is why everyone's always on the lookout for the latest sex enhancer aphrodisiac or ukrainian email promising to make lady say sex boom big big big big. well, the canadians, our neighbors who are always on top, have a new product to enhance intercourse. jim? >> sexcereal. that is it's name. it's being billed as the world's most passional cereal. it features special natural blends for both men and women. the promos are playful showing a couple at first bored in bed. then throw in some sex cereal and, of course, some sex, which we don't see. and the mood picks up. >> colbert: yes, the mood picks up when you throw in some sexcereal and some sex. its manufacturer claims it's part of a balanced breakfast. you'll need that balance when you're doing it in the brek fooft nook. that's why i'm giving a tip of the hat to sex-cereal for making sure we'll never skip breakfast ( cheers and applause ) by which again i mean sex. the old 23 skidoo. because at 6:30 a.m. with bleary eyes and breath like a landfill corpse, who isn't champing at the bit to get biz
something no other state has done to address that. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional reaction to the accused killer's first appearance in court, tonight on ktvu channel 2 news at 6. >>> apple stock hit its lowest level in 18 months, after its chip provider indicated it might be slow in providing the chips. at the end of the trading day, the stock pounced back slightly to close at $402.80 a share, still a drop of more than $23 a share and a loss of about 5.5%. >>> also on wall street today, a weak earnings report sent stocks lower. the nasdaq dropped 59. the s&p 500 was down 22. >>> shoppers may soon have one fewer place to buy groceries. fresh and easy is closing all its stores in the
stocks led in the declines. for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >> and a ktvu crew has just arrived on the scene of that officer involved shooting in san francisco. we'll tell you what we know so far. [ male announcer ] enjoy delicious chicken made the way you say at subwa. with our oven roasted chicken, now a $3 six-inch select. make it your own with melty monterey cheddar or creamy ranch. and during april, the black forest ham i
, and technology stocks led in the declines. for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >>> more now on tonight's breaking news out of texas. where there has been a massive explosion in a fertilizer plant. initial reports indicate 60 to 70 people were killed, and more than 100 others injured. the explosion happened in the town of west. about 80 miles south of dallas. we heard from a texas member of public safety. he said the explosion and fire
. >> time for business news apple shares drop on concern that iphone sales could be slow down. >> college students could be headed your way for high-paying internshipped. >> we were not paid when we were interns. jane king is live from the new york stock exchange. >> maybe jane was king. >> me, neither. college credit is all i got. after people. is losing its shine with the supplier of audio chips hinting sails of the iphone are not so hot with the shares the lowest since december of 2011 and losing ground today at $2 lower and at $400 a share. the market its look like this, calmer than what we have seen through the week with the dow down but only by five points. the silicon valley index is trading lower at half a percent. the job market is getting on its feet and those on the hunt looking to land a job relying on smartphone and today linked in developing a major overall to the mobile app and it will be easy for the millions of users to look at job openings taylored for what you look for with better personalization options and in silicon valley the internships are in longer on wall street
today, off the lows, down 79 points. the nasdaq, once again, hardest hit, down 1.2%. a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist." everybody's in the water, so we can just jump in. heather, what do you make from the markets this week? what's the message from this very volatile market in your view? >> well, the markets have picked up volatility. before last week, the vix volatility measure was at all-time lows, since 2007. that, of course, has increased, but it will be interesting when we get these earnings numbers coming out now. of course, corporate profits, that's key. it seems like it's coming from revenue minus costs, we're cutting cost sides of the equation, not necessarily revenue and topl
. poor earnings news from bank of america. and an apparent drop in demand for apple i- pods and i-phones. also contributed to the drop. here are the closingthe dow lost 138- points nasdaq fell 60- points. the s-and-p 500. fell 22- points. >> jacqueline: it certainly was nice out today with two- five degrees warmer and here is a look at our high temperatures. the 60s, the 70's, nearly everywhere. half moon bay, was 57 degrees. 60s and santa rosa. 71 in richmond. '70s in oakland really a nice afternoon. it remains a fairly nice evening. still, 58 in richmond. sunnyvale, and pleasanton is going to be a mild night tonight. the wind has died down and it will stay warm overnight. with 40's tomorrow. mild temperatures and the calm winds even if warmer with two-five degrees of warming up expected. that will continue for the weekend. i will tell you more about that and a look a your extended forecast, coming up. for the first time in more >> pam: than 40 years. san francisco's exploratorium has a new home along the waterfront. kron 4's maureen kelly was there for the re-opening. and gives
comparing apples and oranges, but i wanted to give you the whole picture. and, you know, if there are other questions, i'm happy to attempt to answer them. fire and police are also both here in support of these projects. and i'm sure that they could answer your questions, or our technical folks. >> thank you. thank you, president chiu. if there are no other questions, let's open this up for public comment. is there anyone from the public that would like to speak? seeing none, public comment is closed. do you have any closing remarks, president chiu? >> i think just a couple closing remarks. first of all, i do, despite my tough questions, want to thank the staff who have prepared for today. i know that they are operating under difficult positions particularly since many of them have recently come into their positions and are inheriting departments and legacy systems that have been
phones, if i can is if we can invite -- the district attorney met with representatives from apple, governmental relations. i saw that the district attorney said they didn't get satisfactory answers from that individual and there was a lot of hype publicity but no direct responses to the questions. so, if we can invite that person here to our meeting that evening. commissioners, anything you'd like to add? >> what evening is that meeting? do you recall? >> may 1st. >> that's it. thank you. >> also, when the chief announced the anonymous tip line he accidentally gave the wrong number. that number should be 41 5-575-4444. the message from the chief of police, not the commission. >> commissioner loft us. ~ >> just -- there's been some [speaker not understood] since i was here last. the st. patrick's parade, the department got a great response from the community. a lot of thank yous, a lot of cheers, a lot of enthusiasm for the department. and, again, commissioner de jesus did attend the additional meeting in the tenderloin. that was really just an exceptional group of folks there. and
while the nasdaq plunged nearly 60. for the first time in nearly two years, apple stock price fell below $400. a drop in demand for ipod and iphone products led investors to sell off that stock. shares fell from an all-time high in september of $705 to close at $402 yesterday. >>> 4:52. coming up, realtime validation. why one bay area city wants to start counting cyclists. >> and the san francisco waterfront lit up to celebrate a new tenant. ,,,,,,,,,,,,,,,,,, >>> we have a pollen count today which favors mulberry, oak and grass. watch out. >> and we're still watching this breaking news in downtown san francisco. a lot of police on scene investigating something suspicious. we know the bomb squad is out there and they're telling people to avoid the intersection near 3rd and market. muni and bart may be impacted. much more coming up. >>> commuting in san francisco is about to get a little easier if you traveling by bicycle. the city is going to install its first realtime bike barometer on market street. the digital display counts the number of people in the bike lane at any given time. bi
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